oints, it is all yours, sir. >> thank you very much indeed. now, the train. it takes the curve at 106 miles an hour, and it derailed because of weak infrastructure spending? are you buying in a? good morning everyone. it didn't take long for the left to politicize a terrifying train wreck. today we'll reveal the real infrastructure problem. a top economist makes a shocking comparison. the world economy is like the titanic he says and there aren't enough lifeboats. translation, we're in trouble and there are no lifesaving policies. and how about this this one? only one third of businesses were started by women second floes two decades. last one for you. bees, they really are disappearing. and that is probably the worst news of the day. do they talk about this kind of stuff on those other football financial shows? i don't think so. varney and company is about to begin.

breaking news right out of the gate, look at this, a freight train derails in pennsylvania, it's outside pittsburgh. ten cars have derailed, that's according to local reports. this is an valley railroad train, no word on what it was carrying, but there are no reports of injuries or of a hazmat situation. let's get right to it. nice rally on wall street, the dow industrial is up 154 points stay at this level and you're close to a new record closing high. now look at shift shack. higher prices help post a surprised profit, good provide the too. sales were strong, and remember it sold off last week because some thought it was low priced. up 6% today. now look at kohl's. don't do that. down 11%. $8 at 6. the price of oil still in a very narrow range just below

$60 a barrel, and the price of gasoline keeps going up, 2.67 is your average now. now, the big economy headline this morning comes from the economist at a very big bank. where on the titanic he says and we're going down, no policy fixes readily at hand, certainly hasn't affected the stock market. he's rallying, we'll have more of that in a minute. but lead listen to this one. abc news anchor former chief of staff of bill clinton has given $50,000 to the donation in recent years but didn't public disclose to the clintons. didn't disclose it. he reported he made two payments of $25,000 a piece last year and the year before. and even when interviewing, peter schweitzer about his book did not disclose his donations. abc says they stand behind

him. tim graham joins us at this hour, you can bet he has a lot to say about this. another story we're following, five iranian ships across the shots in the persian gulf, not clear if any hit the vessel, but after the if shots were fired, like that ship turned away and the water was control by by the uae, and the american warship was 20 miles away at the time, but there was no call for help. that just happened. let's get to the train derailment, it was traveling at 106 miles per hour before it derailed. double the posted speed limit. the engineer? 32-year-old spoke with police, he told them he can't remember about the crash. and we now know the identity of five of the seven people were killed in the accident, some very successful in business. and dozen passengers are still unaccounted for. and this was unfolding as we

went on the air yesterday. the left using the accident as an excuse for more infrastructure spending. role tape. >> i will say that the general manager his first weeks in office the president has been a leading advocate in investing in our infrastructure. >> this is a wake-up call. it's a reminder on how much we depend on our mass transit how much we depend on our roads and bridges and how much our safely is directly linked to the investments we make sure and how we get around. >> last night we failed them. we failed to invest in their safety. we failed to make their safety a priority. >> mark ash is here, he is the ceo of transpro, knows a few things about transportation. mark welcome. >> good to see you. >> they were saying that the crash happened because of a lack of infrastructure spending and you say what?

>> i am weary stewart of the september 12th mind-set. we have got to get our officials to phone call on a september 10 mind-set where we are head of the game rather than behind the game. americans sick and tired of always reactive to a problem. it's easy to come out today and find all the excuses that we need to be addressing something, for six years those folks in washington have not put a transportation plan together . >> now, there was a piece of technology, which was available, which would have slowed the train down before it went at 106 into that left hand curve technology was available, but it was not in store. is that an example of a lack of infrastructure spending? technology infrastructure. >> absolutely. there's -- there's no question that's the case. you know, we've heard from the president for years. you could have asked the president of the united states what he had for breakfast, and he would have said high speed rail. that's all he could talk

about. billions of dollars going to that program, rather than making sure that the bridges and the tracks and the train systems that are in place are safe to ride and the rail that exist today. >> and the hearing yesterday amtrak said they don't have enough money for that technology to be installed on that curve at that time. >> amtrak is ray weigh ahead of market in this, they are one of the leaders of rail travel of getting that technology in place . >> why wasn't it in place yesterday or the day. >> before the struggle has been that congress has not built that long term plan, essentially the entire time that the president has been there, for anyone to provide that service, and i've got to tell you the american people, they are sick and tired of paying ritz-carlton taxes and getting baits motel service. >> it's profitable, it does well, it has a lot of passengers, but they've got to

carry other rail lines which make a huge loss, and congress won't let them close here and here. >> here's the dirty little secret to that. amtrak actually makes $300 million a year running that service because there are people who want to use it. the problem is. congress makes them run trains to nowhere. we've heard about the bridge to nowhere they force them to run trains to nowhere. we've had increased retiredship, reduced debt, congress literally handcuffs amtrak's hands and prevents from being successful. >> you can't have a industry run by the government efficiently. politics doesn't work. >> we've seen it time and time again. >> we appreciate it. it is a very busy day and lauren is here with three big corporate stories. >> $50 a year, that is how much walmart's new unlimited shipping will cost. it is a direct attack on

amazon's prime shipping, and it's about half the cost. walmart says it will get customers their product in three days or left. the service starts as a service by invasion only. let's show you the shares of both companies. both up as you can see there. $26.2 million that's how much hedge if you understand sandra general will pay for radio shack's name and its customer data in a two day bidding war. the fund will rebuild the brand from stores from it's liquidation this year. and $200 million, that is the price of the loyalty and that's how much the gopro ceo paid to his former college roommate. wood man said he would grant neil, which was gopro's former employee a tenth of making gopro public. how nice? gopro shares -- >> how much did he pay him? >> 230 million.

>> give it to him. >> well, the company had to do something fancy with the shares that he gave to the roommate. >> woe. >> so at the highest paid ceo which is nick wood man, i think he's worth about 2.3 billion now after this 200 plus million was taken out. >> and he gave his roommate on a promise, and he fulfilled the promise. >> yeah. and he still works for the company, by the way. >> so he should. >> one big name economist says we're on the titanic with no lifeboats. listen to what hsbc steven king says, and here's a direct quote for you. the economy is like an ocean liner without lifeboats if another recession hits, it could be a truly die thai tannic struggle for policy makers. what do you make of this, tom. >> he's dead on right and here's the problem. the peek spending is when you're somewhere around 47, 48 years of age and after that, you don't buy as much, so therefore this won't be much consumption. and your income goes down when

you retire, when your income goes down, you're asking for more services. this is without a recovery, i agree with this economist 100% is that the baby boomers have to go through the life cycle be dead and gone before we can get back to being in good shape . >> you also say that there's no policy fixes. we are going to down. the world economy is slowing quite dramaticically, . >> and one of the things that he brings up is the fact that pension plans are not going to meet the promises that they made. >> really? >> yeah. >> well, we've been talking about that for a long time. >> yeah. >> thanks, tom. i was on john stewart's -- i was his target again. he spent several minutes poor me, we will play it for you in just a moment. but first a top night to be a dc sports fan. the capital blues game seven in over time, the wizards lose their playoff game at the buzzer, and the rangers move on to the playoffs.

[cheering]

>> now, look at that, will you? there's our rally we like this. up 143 points for the dow and, by the way, 29 of the 30 stocks in the dow industrial average are in the green that means they're up. only cisco is lower, and it only went negative a few moments ago so nice rally today. however, j.c. penney out with their sales numbers disappointing. it's down 4%. j.c. penney back to eight. wie got a lot of things to pack into the show today. so here's three stories really is a fast. louisiana state university on the verge to go broke, but it continue to build a 85-million-dollar at its recreation center. how about that?

12:23 this story, and the star this year is the return of the muppet show. here's the question, though. how do the transitional networks deal with the streaming revolution? also theoretical physicist he's here to talk about bees. they are indeed dying off at an alarming rate and it keeps getting worse. we don't know why. the ravifications can get bad. >> and allegedly nasty coverage of the poor. it went on for more than a minute. you'll have to look at it. >> the main defender of your network's attitude toward those in poverty is the main offender. he just segments that would make hey take it easy. >> we hand out $79 billion every january to these so-called poor people. >> you're not being mean to

poor people. >> i am. frankly i am. many families have home tvs cell phones, computers, much much more, 95% of them have a refrigerator 81% have a microwave. >> people need $15 per hour to live on, they're starving without it? okay. i've got that. the image that we have that people are starving really is not accurate. many of them have things. what they lack is the richness of spirit. >> anyway, what day is it today? is it christmas day? go ahead and buy the gooses, and if you see a boy on the crutches he's not crippled, he's crippled at heart. >> that was funny. he had a go at me, but it was funny. fox news contributor tammy bruce is here. what douse when the

president -- he takes direct aim at us for our coverage of the poor. >> fluked both of these guys, it's fantasy, who do you recognize context what we say here at fox as barack obama, as you talked about the muppets programming and he wants all the shows to be the puppet shows, he wants it to be fun and news that reinforces because for him it can't be about reality here on fox business it's about numbers stock market, what's happening in the nation. for obama it's about what he says. it's about what he wishes people's no. it's about unicorns and rainbows, and when you talk about real life, it ruins the story. >> i thought you were on the left tammy. i thought you were on the left. >> well, i'm -- i'm an american. i classical liberal, i am an independent conservative, i want the future to look great and it's not going to be a future that looks great as

muppets for news anchors, and the americans know every day that what obama says does not match reality, but this is a man who believes media is the opium for the masses, and we are making a mistake as you do was not feeding people drugs for information, but the real story so that they can actually plan their lives appropriately. >> okay. now president obama says there needs to be a way that the media covers stories. >> we're going to have to change how our body politics think so, which means we're going to have to think how the media reports on these issues. >> changing the way media reports on the issues . >> well, saying with what he -- reporting what he agrees with. now, look this is politics; right? conservative or liberal. >> he wants to tell us how to cover the story. >> well, that's it. he wants -- and let's not forget. he's gone after people, like, james rose, the doj has gone

after, we've got the taliban five has been released, and yet edward is still in hiding in russia. these are things when it comes to what the government does, and it tells you the power of one voice amongst a bunch of others who are repeating what the president wants, to have repeated -- when you simply say something different. >> the media has been on his side as i think clearly bias to the left. >> yeah. >> for a long, long time. >> well, they're biased to the establishment. i think that when you're looking at the way things are going and investment in the government that things are -- they want it to be this way. and that's the issue, and i think that what makes media and legacy media the problem is that they simply do kind of go along with the establishment. fox news, not business and the news channel the difference is that there's a spectrum of opinions.

there's a real connection into real life. you might know the -- might not like it all the time, when there's liberals or conservatives on, i'm across the board in a variety of ways looking at all the issues, and knowingly at least -- and this is the other problem whether it's john stewart or barack obama fox news is viewed -- and it certainly has more people, more of an influence -- >> exactly. >> and that i think is what irritates. >> that's right. you've got an audience. >> yeah. exactly. >> tammy, thank you very much indeed. >> my pleasure. >> we'll see you soon. and during spring break, what was the result of all those stories? well, they got drinking band in panama city, florida. i think on the beach next spring break. she join us next. >> we wake up at like, 10:00. we wake up early . >> when will you start drinking? >> when we pass out? about 2:00.

>> that's the mission is to get drunk not a buzz. >> yeah. it's to get drunk when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment

is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years.

all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next. [baseball crowd noise] ♪ ♪ [x1 chime] ♪ ♪ [crowd cheers]

oh! i can't believe it! [cheering] hi, grandma! ♪ >> that rally is still there. up 144 points, the dow at 18,200. we'll take that. now this. if you are still disappointed in the uneventful mayweather

pacquiao fight don't worry. there's a fight that might be more entertaining, they're doing it for charity it take place tomorrow night in salt lake city utah. before that fight, mitt romney's son josh will be on this program. and that will be tomorrow, don't miss it, please, now i've got an update for you on the spring break, panama city beach, florida will ban alcohol next year. the ban has a lot to do by reporting fox news who joins us right now. you reported. >> i did . >> made a big splash, and now look what you've done. no alcohol, i would imagine that the locals, local businesses are not happy with you. >> yeah. well, last year they definitely were not happy with them. they were not happy with sean. many of the bar owners were complaining because they were worried that they were going to lose money because of our coverage if things close down.

>> sure. >> but this year when we went, a lot of neighbors were coming up to say thank you for the coverage we're ready to clean up the beaches. now, there was a big group at the counsel meeting on tuesday night, and like you said they're all hoptality workers they're worried about their finances. >> yeah. >> their hotels being affected, their restaurants, it's not about the profits anymore, it's about saving lives. when you have girls -- >> saving lives? >> it literally is about this. because when you have gangs allegedly being gang raped and videotaped and posted osama bin ladin online and the sheriff's department has two of these videos that we know of with this happening on camera it's time things need to change . >> and they voted 5-0. >> first time. >> in banning alcohol in closing the bars earlier. >> that's right. >> and the hoptality of the worker the hotel people didn't work, the local townspeople said enough. >> they're still getting their way though.

the kids are still allowed to come into the did bars. i say kids, they need to be above 21 years old, but they're still lowder to drink this the bars, they just have to go in at 2:00 instead of 4:00. they can stay until 2:00. it's a compromise for everyone. >> thank you very much indeed for being with us. we appreciate it. >> thank you . >> the amtrak derailment. seven dead. people still missing. there's supposed to be a 200 million-dollar cap on liability lawsuits. could this be exploded? could it get bigger because the train was going twice the speed limit? 106 miles an hour? and that is next.

the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.

the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.

>> there was a freight train derailment in western pennsylvania they really morning. it was in hazelwood, which is just outside pittsburgh as you can see multiple cars derailed and this is a railroad train we don't know what it was caring. there are no reports of injuries or of a hazmat situation, but another derailment it came this morning. check that big board please, we're up, still up, nicely so.

142 points higher. 18,200, that's where we are and 29 of the 30 stocks in the dow jones are in the green that means they are up. cisco, bottom right that's the only loser in the dow at this moment. more on the clintons. abc news chief gave $50,000 to the clinton foundation, and he did not disclose it, even when he was reporting on hilary and bill. researches tim graham is in dc. now, abc says, yeah, he should have reported it, but we're going to stand behind him. what do you think of that? >> i think this whole story is outrageous. i mean the idea that george put on a few weeks ago and pounded away at him about how dare he try to suggest there was something wrong with the clinton foundation, it was quite obvious that george should have recused himself from that interview or should

have had had decency and the ethics to announce to the audience that he had donated tens of thousands of dollars to the foundation that he very much looked like he was defending . >> what's going on here? we've got a top guy at abc news, he does an interview with the man who wrote the book about the clintons and their cash, and he hasn't given them $50,000. now, that to me suggests that he is basically a clinton that he is very much in favor of hilary clinton, and he doesn't tell anybody. >> look, this is obviously the clinton foundation first and for most a political operation, a publicity operation, a clinton legacy operation. there are lots of charities who could give to that didn't have the clinton name on it, and george is giving to it because it has the clinton name on it. 10 years ago we made this point, brett made this point

that he was moderating panels at the initiative at the same time he's interviewing clinton about the clinton global initiative. he didn't tell anybody, he just assumed i think well, everybody knows we're tight. you cannot trust george to be a fair and impartial arbiter on the clintons, i think we all knew that before, but, you know he's just as deeply unethical about this clinton foundation as they are . >> well, how come abc can just dismiss it and say yes we should have reported -- what's abc doing? i don't get it. i'm sorry i just don't get this. this is obviously abba egregious example of a conflict of interest and abc does nothing about it. what is going on here? >> they could have at least said, you know, george, this isn't an interview you should do let's have martha do this interview instead or somebody else at abc news do it, instead they just don't have the decency or the brains to

figure out that this is not the way to proceed. i just thank again, when it comes to the clintons in the media, there's justice level of shamelessness, they were shameless back in 2002 when they all made a big deal out of the fact that rodger sent george w. bush note not $50,000, he sent a note to bush. this was a, you know, a growth ethical breach, well, then get around and put this report on the air let's cover the scandal like the brian williams scandal. >> yeah. and the president goes after fox news for covering stories. it really is a story. thank you very much. we appreciate it. >> thank you . >> back to the train derailment several people dead hundreds injured and we know that the train was going at 106 miles an hour, double the posted speed limit. question. does that mean that you can break party that $200 million cap on liability? here's the judge andrew joining us from dc, he flew down there, he couldn't take

his regular. now, seriously now. $200 million, you told us yesterday that that was the cap on liability payments. got it. >> right. >> now here we have an egregious breaking of the speed limit, 106 miles an hour going around a 50-mile an hour curve does that make any difference to the extent of liability. >> well, probably not because the statute that limits the liability at 200 million includes punitive damages and punitive damages would be the sought for remedy for the violation of law like this. look, if the pilot or the engineer were independently wealthy, he might personally -- he might have some person exposure. that doesn't appear to be the case. if congress were to break the cap and simply legislation that would work, but in terms of the court doing it, i reread the language of the cap, it is absolutely water

and airtight. there is no way around it . >> so who pays? where does that $200 million come from? is it churns company or the taxpayer going to be asked to pay? >> well, it is partially insurance, and it is partially the taxpayer. the taxpayer probably means since the government is bankrupt printed cash by your friends at the fed . >> okay. now what -- [laughter] i got that. i heard you there judge. now, what about the legal position of the engineer? >> you know, it's a very interesting position here. mayor nutter of philadelphia in his understandable grief and anger has threatened this guy. i don't know if he can't prosecuted under pennsylvania law or if he can only be prosecuted under federal law because the federal government has preempted the field and

prohibited the locals from interfering, that's the way they get around the seatbelt requirement. so i don't think that the state of pennsylvania or the city of philadelphia can charge him with anything or if it does, it would have to defer to any federal charges first. now, he is claiming he doesn't remember going 108 miles an hour it's possible that that's a mental defense mechanism, or possibly he had a blackout, i don't know where the facts are going to take us but certainly there's going to be an investigation of how he got to go that fast or why there were no internal controls to prevent that . >> last one judge. who decides who gets how much. >> $200 million? because the claims will be way above $200 million i can assure you. so who decides what? >> that's a great question. got a lot of very, very fine plaintiffs lawyers in the city of philadelphia suing in federal court in philadelphia, all these cases will be

assigned to one judge. the judge will probably appoint a special master. somebody like, ken feinberg whom you've intrude a lot of times, and he will listen to the lawyer's arguments, he will read the federal reports the financial reports people who lost income or the ability to earn income, and he'll make a recommendation as to how the $200 million will be divided and then that will be passed only the the court. so that's a practical matter. there's no trial. there's no jury trial. it's lawyers and accountants sitting down and making their pleas to him and he doing the unenviable and gut-wrenching job of thinking to himself this person really deserves 25 million? i only have 5 for them. how do you tell them that? . >> and who decides how much

the lawyers get? >> ultimately the court. and i know $200 million sounds like a astronomical number, they're going to run through that before he finishes interviewing all the plaintiffs. >> understood. we'll be watching you on a special report tonight, thank you for joining us. >> thank you . >> up next. a report on the veterans affairs department, describing its culture of a lawlessness and chaos gross mismanagement. we've got veterans take on this in a moment

>> fox business brief, we have some breaking news for you right behind me you can see a big crowd of trades standing right around the post, you can see that the stock on the chart shot up, it was about 4 1/2% already reports that ptg capitallal has made also for avon, and traders telling me that it should be reopening shortly. the dow jones industrial average up 143 points in a borrowed base rally and it includes microsoft united health and apple, we've seen the retailers under pressure, kohl's. under pressure, we've seen colder february, and that's one of the reasons strong u.s. dollar has been another reason that these retailers have been under pressure. i look over my shoulder, and i still see a big work on you had for a von products, it will likely reopen shortly.

>> here at fox business we're being told that a powerful russian cyber hacking group with ties is preparing to attack global banks. there's a shocker. liz mcdonald is here with more. >> yeah. that's a shocking story, and it's the same group, it's called apt28 that was sought to attack ukraine georgia, the white house and nato and what they're telling

fox business is that is that they're targeting banks and we're looking at commerce bank of germany also potentially in the crosshairs here. what are they doing? the russian hackers are launching fake websites to get you to log onto that website put in your personal information, and then they're going to try to break into your bank account to steal from you . >> which authority said these russian hackers are doing this? >> it's called route b9. it's a group that's cyber security firm route 9b. they are made up of former defense department cyber security experts. >> is this a threat that is really being taken very, very seriously, or is it so outrages that you can almost out miss it. >> they're taking it seriously because they found evidence of it on the internet. they found these fake websites out there and look at these other companies that are being built, fake websites.

you're going to see mimicking bbc newsweek, google, yahoo dozens and dozens of websites are up now by these hackers to get your personal information to steal from you. >> that's interesting and shocking. >> yeah. >> don't miss tonight they've got the company that put out this hacking study. 8:00 eastern here on the fox business network with neil. by the way avon had been haltered earlier on speculation about a take over. it has just reopened, it's up a buck 31, which is a very strong percentage gain. i can't read it on there 20% gain at $7 a share for avon products. ptg capital committed an offer to buy the company. that's the story. avon your mothers -- cosmetic

center i believe. and i've got this for you too. the department of veterans affairs has been improperly spending $6 billion a year, that is taxpayer money wasting it. joining us now is veteran amber smith, she was a pilot at the u.s. army as they can be and i can be afghanistan. can you break this down for me? that's a huge number. $6 billion was wasted on what? >> yeah. this is fraud and abuse at its worse. we're talking about $6 billion of taxpayer money a va employees using their government purchase cards for unethicallal purchases of medical devices and medical devices and pharmaceuticals and they're doing outside of these government acquisition laws, so they're doing it to get the best contractor who will be most fiscally sound so they're making purchases that are wasting taxpayer

dollars . >> so it's kind of an inside job. we'll buy from you because we like you even though we're not supposed to buy from you even though we like you. that's the story here. >> yeah. the va employee who brought light to this issue said that they're basically doing it out of laziness. they are taking the easy way outlet because basically this unethnical culture outside the department of veterans affairs has become okay. when this sort of procedure happens that are outside the rules and outside the law . >> are you angry about this? because you risked your life in iraq and afghanistan flying those choppers, how do you feel? >> no. i am angry about it, but i'm not surprised. unfortunately, every news scandal that comes out of the va is not shocking anymore. i'm not quite certain of what else we could hear at the va. it is a broken bureaucracy that is not going to get fixed until they get serious about

accountability of their employees, and they start giving choice for health care until competition is put into the system, they have no incentive to change for the positive. >> amber smith, thank you very much for joining us and thank you for your service of course. >> thank you . >> we appreciate you being here. thank you very much indeed. tom sullivan is with me, you're shaking your and head throwing your arms in the air. >> well this is a continuing story from agency to agency to agency. they're buying -- using federal government credit cards to go to strip clubs and i mean it's just out of control. and what drove me was accountability. there is no accountability. you can't get fired. you can do anything you want, and you can't get fired . >> but that's the story across all assets of government. >> yes. government is broken. it is so broken . >> but it's the agency of change of choice for this president. he wants all government all the time. when is the message going to get through that the government is never efficient? it is always bureaucratic.

when is that message going to get through? >> well, we elect our representatives not representing us. that's the problem. >> well, said with tom. thank you very much. up next, they call them super cars, they're very fast and expensive and we're going to bring you the two newest models and the man who test-drove them as well. he's next new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business

you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at see car

insurance in a whole new light. liberty mutual insurance.

>> we're keeping an eye on avon haltered again because it hit one of those circuit breakers that means it went too high too fast, it will reopen once again and we'll tell you what's happening to it. that's the crowd around the trading post. lots of active. ptg capital submitted an offer to buy the company up she goes. now, it just started trading again, let's see if we can get a quote on this thing. it was at 7.60, that's the latest price we've got on it that's a nice -- okay there you go. down a little bit from where it was haltered. 7.60 on avon products. up nicely. fox news got a chance to

test-drive two new super cars. both of them cost way over $100,000, one of them is a 10 cylinder the other is a three cylinder hybrid. both super cars, here he is going to tell us about the lamborghini,. >> this is the company that invented the super car in the 60s, probably the most super mid-engine ever, they sold 14,000 of those. >> 14,000? not the latest model but the previous one. >> yeah. over a ten-year period billions of dollars going into that. this new one is that to the next level within it's still very classic super car like you said, v10 engine, zero to 60 in about two and a half seconds,. >> the next one i don't understand. you're calling this a super car, but it's a bmw it's a

three cylinder hybrid, how could that be a super car? first of all, let's take a look at the video. you've got to see this thing. it looks like it's designed on venus but you've got a turbo charged three cylinder engine in the in front and an electronic motor in the front. it's about what you get from a porsche 9/11 and it's as gick as most cars on the road, it's got the fantastic embold wing style . >> how much? >> 135,000 list, but they're in such demand, bmw is only making a thousand of them. >> you don't think that looks like a super car? >> lamborghini is classic within it's got that look, this has the futuristic look, and it is the future, carbon fiber which is a would he be and i thought it was going to be clunky and weird but it's

a blast to drive and peoples heads, their brains just explode when they see it drive by. >> thanks so much, gary. we have a load of headlines for you. the train derailment in in philadelphia george's clinton donations, honey bees disappearing, the former cia deputy director who said this hour two two minutes away, listen to this. >> i believe deeply that the threat that we face from terrorists is significant and it's going to remain significant for a long time. i believe that my children's generation is going to be fighting this fight, and i believe that my grandchildren generation is going to be fighting it. i think we're at risk of another attack here, and i want americans to know that

the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others.

healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here. >> new this hour we're expecting an update on the amtrak derail from the the mayor of philadelphia when he starts speaking, we will talk you there. we also have this.

george stephanopoulos he gave 50,000 dollars to his former boss's foundation and did not disclose it. without four major leaders that he had invited. where are all of the female entrepreneurs only a they should of new businesses started last year were stated by women. we also have one of the world former scientists to talk about the death of an alarming number of honeybees and a big main economist says this is titanic economy, no lifeboats, our two here we come. >> as we reported waiting if mayor of philadelphia michael nutter any moment he's going to update us on amtrak derail was it was traveling twice the post the speed limit. seven cut to the mayor of

philadelphia when he arrives behind microphones. now, last hour john boehner left his news conference in a hurry after asked about amtrak funding. listen to this. >> that is a stupid question. listen, with you know they started this yesterday it is all about funding, all about founding, obviously, it is not twain was going twice the speed limit. adequate funds were there no money cut from rail safety and a house passed a bill to reauthorize amtrak and authorize a lot of these programs, and it is hard for me to imagine that people take debate on some of the nonsense that gets speed around hire. >> with that said john boehner reacting to democrats using accident to call for infrastructure, and news conference coming at any moment you'll go there. we will all go there when he arrives. bug board this this is a rally.

dollar is down a little bit. markets are calming down and currency bond market calming down a little bit no producer price level that means maybe federal reserve will not be raising interest rates next month. up 156 points. look at avon opening a circuit breaker up to far too fast. ptg made an offer for that company and up she goes. up 4% as we speak on avon. look at shake shack. surprise profit, strong sales, it is a winner. 5% higher. kohl's disappointing sales growth stock is down 11 l%. price of oil, round about $60 a barrel and price of gasoline up again overnight we have a national average of $267.

when vladimir putin he looked smug and swallowed crimea invaded ukraine signed deals with china and promised missiles to iran and america had done very little. russia is another foreign policy failure. it is one of several. who says? that a deal that allows iran to get a nuke is something to cheer about? all of the risk without storage ally, israel that a foreign policy success? all of the rise of the jv team known as isis or mideast summit of camp david today where four of the six summit tiers will snot show up. president obama is leading an american retreat all arranged the world. question, will we at home pay a price from what the president is doing overseas? joins us no to answer that question, former cia deputy director and also the new book the great war of our time michael morell great to have you with us. >> good to be with you.

>> i just know what i'm saying are a series of failures. questioning the question are we having falser. your answer sir? >> i look at this as intelligence officers i looks at world and you know my job is to tell president how i think about it and i've never seen so many gnarl security challenges facing this country in my 33 years in the business in the 68-year history of the agency or even in the entire history it have our country. so this is a very very dangerous time. >> but the president did say that -- bin laden was dead and general motors is arrive. he goes on to call the rise of isis just a jv team i'm asking you to make the judgment. as the president made the right judgment on the rise of terror, the rerise of terror in his administration? during his administration? >> i can tell you what we were telling the president. right which is that we had a

great factory in this war al qaeda but so has al qaeda. our great victory in the war is no takes here in the home land since 2011. significant group since 2011, and we have deaf mated. keg but we've had spread of ideology cross a huge geographic area from west africa to north africa to east to south asia. spread of their ideology has been dramatic. >> did the president listen to your -- your advice what you were telling hill about the spread of the al qaeda ideology did he respond? what did he say about it when you made these comment and statements to him? >> you know, i have to tell you that my experience with the president when we went to him and said here's something we need to do to protect the country. and there's some pretty

aggressive counterterrorism operations ongoing, you know drone operations in yemen are a example any time we went to the president we got what we wanted. so i think this is very important context here. >> i want to ask you about this camp david summit four of the gulf arab leaders not there did not show up. have we lost those allies? >> i think we have to be a little bit careful when we look at the four that didn't come. some of them are not well. some of them are ill, but i would step back from that, and i would say there's frustration among our arab allies about the united states and about our leadership about their perception of our leadership in the region, their perception of our willingness to take on the challenge that iran poses to them very significant challenge that iran poses to them. >> do you think they'll get nuclear weapons or try to get nuclear weapons or a nuclear program? >> i'm a pessimist when it comes

to iran nuclear program. i think they will eventual lit get nuclear weapons and i think it will lead to proliferation of nuclear weapons which will be a very, very dangerous thing. >> mike morell we thank you very much indeed for being be with us much appreciated. >> god to be with you. i want to get back to avon a big name and everybody knows it, there's a takeover bid of buyout bid from -- a capital group and a stock is up very nicely. it was -- stopped it was halted for a while. but it reopened halted again, reopened. what is going on tell me about action surrounding the floor of the exchange. nicole right there. >> halted one more time after that so continues to hit the circuit breakers and volatility takeover offering based on

filing, however, there's a couple of things that seem a little unyou recall. for example stock closed $6.67 a share. the takeover offers at $18.75 that seems unusual doesn't that seem high in coupled with the fact that bloomberg has been trying to reach contact listed in the filing and they're going to voice mail one woman on the phone says someone didn't exist. and in the ptg partner filing according to bloomberg, first of the company is tpg twice. so there seems to be a lot of uncertainty. look at what has happened to the stop most offed to $8, the high of the day and since pulled back. there's still a slew of traders around the post waiting for the next leg and next part of intricate bid but it has for a company that has been failing. >> i had it on my script say

television an $18 offer but i couldn't believe that when stocks were $7 a share. i couldn't get my arms around that one. >> that is why journalist we take our time i said there were reports of an offer originally i didn't say that amount because it did seem highly unusual. we'll see. >> you have to be very careful. 18 dollars pops up in front of in front of you only $7 share. unbelievable. thank you good stuff. back to the day's're top stories and lots of them lauren simonetti has them all for us incase you missed it. >> some of them are whacky über continues to clean up this image hired pr veteran from google, she is replaces david, former obama advisor but moves over to a different position within it. 100 yoga pants and spend $400 there's a booming market for these luxury leggings. lucas hew and joe is selling

expensionive yoga gore they make lululemon look like a steal. active sales rose 3% in the first three months of this year. you have to go to the gym with that much money on leggings what is more patriotic than this. a hot dog and chips inside? i think that girl in the bikini is more patriotic than that burger buy it at carlos junior and hardies may 20th. >> thank you very much lauren. now go away. [laughter] get in trouble. >> up next a passenger who was on that amtrak train was going twice the speed limit. did he notice anything wrong seconds before the crash? he'll join us in a minute.

new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business

>> we're waiting for mayor of

philadelphia michael nutter he's going to appear any moment now to update us on the amtrak derailment public we'll take you right there when mayor nutter appears. currently right now, i should say we're joined by taylor there he is. he's the campus reform editor in chief. all right you were scheduled to be on our show yesterday you were up. coming up on amtrak train to joins in this studio in new york. and then you on the train. i want you to take us through it. did you have any inclination that the train was going much too fast ten minutes out of philly? >> start off by saying stuart i saw the segment yesterday someone sent it to me. and i want to thank you and the entire team for your thoughts and prayers a lot of people need them. my thoughts going through the as much as as it occurred i didn't notice anything was ordinary when it came to the speed. obviously, we didn't know we were approaching a curve but to hear that that train was --

going 106 miles per hour and in a 50 miles an hour zone is outrageous and angers me as a passenger to see damage that it did. >> i have to hold you up for a second and interrupt you yet again. mayor mike nutter is going to update us on derailment. let's listen in he's about to start speaking. here we go. >> everybody ready? okay thank you all for being here. we have a series of announcements to make this morning. but first let me acknowledge the tremendous partnership relationship, collaboration and coordination among probably now 10 to 12 different state and

federal agencies that have worked with us in a seemless effort to save lives notify families, work with these families for some in their darkest moment. do our best to treat all of them with the dignity and respect that they deserve. while also working with those who were injured. some who at times on our side may have been unaboutaccounted for and ultimately agree to a sense of healing and closure to this incredible tragedy, that was taking place in our great city. while at the same time acknowledging the near miracle

of survival that we experienced with over 200 people travel mostly from washington, d.c. to new york city. and while passing through the city of philadelphia a great tragedy and trauma took place. let me again thank and recognize for the third day in a row our governor, governor tom wool who has been with us and his team with us each and every step along the way. we've had amtrak board chairman, cashia with us. now, of course today for the second day the ceo of amtrak mr. joe cordman. the federal railroad administration represented by acting administrator sarah

sineburg. the mtsb the great investigatory organization renowned across the united states of america if not around the world for the quality of their work and their board member robert sumwalt and the vice chair of the mtsb vice chairwoman. the philadelphia fire department under great leadership of leadership of sawyer. philadelphia police department under incredible leadership of charles ramzi. mayor for public safety, deputy mayor for administration and coordination and manager director rich mcgrin. city representative and desiree and director of communications

desiree peter. and the nationally recognized director of emergency management, sam phillips and our director of public safety mike. >> this team city, state and federal partners working in collaboration and coordination made what could have been an even greater tragedy a life-saving miracle here in our city. so i want to thank all of them and express appreciation for their work, their cooperation and their support. state senator, tina is with us today that has expressed her

concern for the families. city councilman bobby henan who does district we remain on a communicative basis. when neil son was here today and our city council president, we had numerous members of congress two u.s. senators, casey and congressman bob brady and brenda boyle and visitors from outside of philadelphia or pennsylvania members of congress, from both parties. to see not only the tragedy, but to inform their work in the congress for issues of safety and infrastructure support with regard to amtrak. has been a massive effort, it has been painful.

as we've already reported, there were seven deceased individuals confirmed. i'm going to ask fire commissioner derrick sawyer to give an update from work of the fire department and the police department this morning at the site. commissioner sawyer. >> good afternoon. this morning around 800 power, 8:00 this morning we received a call to bring back our dog. our cadaver dog that we worked in conjunction with a dog from ph task force and police department to do a first call of the large amount of wreckage. the dog hit on a couple of spots and we were able to find one

other passenger in the wreckage we utilized our hydraulic fuel to reach the person and extricate that person. and have them transported to the medical examiner's office. once again this is a great coordinated effort. miller department, men and women of our department did a great job throughout this whole event to continue to have an a engine and a medic unit on scene just to make sure that everything was done safely as we finished this investigation and going through the wreckage. once again, great partnership with the police department, fire department ems unit of getting this last person out. >> thank you. >> we're not done. okay. thank you commissioner. >> governor -- >> thank you. >> we'll let you know. >> i want to this was such a

tragic occurrence, i'm so sorry on behalf of everyone in pennsylvania. i want to express my condolences essentially to families, and victims, but i also want to say that as a pennsylvanian i'm so proud of the way this was handled by those here in philadelphia. commissioner said this is an example of cooperation we have worked together through this tragedy and i can't say enough about the who heroism of the first respond horse came to the site after this accident to risk their lives to save as many people as they possibly could. so as a pennsylvanian, i just want to express my pride and my thanks to the mayor and his team for doing much is a tremendous job such a terrible, terrible tragedy. mayor thank you very much. >> thanks. thank you. >> mr. cordman.

thank you. >> thank you mayor. governor senator what a team philadelphia has with us at amtrak. amtrak is heartbroken for what happened hire. the men and women of amtrak accept their responsibilities seriously. we know that weft a team here that worked together to help us to help the families, to be sensitive to understand what needed to be done. and we've done that. 28 years ago was the last time there was a derailment on the northeast quarter. 28 years. and 300 million people have ridden amtrak since then. no derailment, no loss of life. today we're committing to, i'm

committing to meeting the requirement of positive train control that will happen only the northeast quarter by the end of this year. mayor governor, team, thank you on behalf of amtrak. >> identify yourself please? >> yes. >> joe boardman ceo of amtrak. [inaudible] >> boardman. >> now that has been some news out of this this press conference here. mr. sawyer the fire chief, he said that a cadaver dog had been sent into the wreckage today that they had found one more passenger. that that passenger had been taken to the medical examiner's department. and we believe that that passenger had died. that that would therefore be the 8th victim of this derailment that is what we believe at this

point, and that was from sawyer mr. sawyer, the fire chief just moments ago. we will helicopter to monitor what is being said there in philadelphia. they've -- they basically have said what a great team they had. the great job that had been done be officials but that one item of news did come from the fire chief mr. sawyer. i want to go back to caleb who is with us. caleb let me tell the audience again that you were on that train. you were on your way to us here in new york yesterday. earlier you told us that you had no indication that the train was traveling at over 100 miles per hour. right before the impact, you had no indication that it was going that fast. tell us what it was like when the train actually hit and you realized that had been a tragic accident? >> so i was in the very last train. different accounts people have said they vary by train. by train car. so i was in the very last car

and to me it was all very sudden, very quick. i was sort of dazing off, i had any laptop in empty seat next to me. had the phone on listening to some music on my iphone i started to notice a little bit of shaking all of a sudden it reallifuls just a bam. things started flying in the air a next thing i knew i was on other side of the train. hit my head really hard and was opening my eyes seeing a lot of dust, a lot of smoke, and a lot of people just really unaware of their surroundings trying to gather themselves that is when people started to help others. so for me i didn't notice that the training was going in excess of 100 miles an hour. on a 50 miles an hour turn and i didn't have any indication that the trains were buckling. i didn't smell anything, i didn't hear anything like that. it was i noticed shaking and then next thing you know train was tipping over that fast. >> so you got over eventually

other people around you they got out. what was the scene at that point i mean it must have been utterly chaotic but a personal question if i may you frightened? >> you know, i'm not of hopping on an amtrak train again. >> were you fright opinioned then, when you've been hit on the head, you came to, dust, smoke around frightened at that point? >> i wasn't i was concerned. i was not frightened i don't think many people on the train showed that they were you know scared of what could happen. they were concerned about what did happen because there were people that were still on that train. >> going to interrupt you mayor nutter has begun speaking again i want to go back to the mayor see what he's got to say thousand. >> identified as a person who was on that train. so if i can take you back suggest two days ago, at the

time we believed based on all information available at that time that there were approximately 243 individuals on amtrak train number 188. with the recovery and the identification this morning as this news conference was taking place i just received that final confirmation. we believe that we have now accounted for all 243 individuals on that, we believe that were on amtrak train number 188 from tuesday night. all of the individuals that we believe that we were looking for or were trying to identify have all now been accounted for.

unfortunately again we must now report that we have confirmed 8 deceased from this horrible tragedy. 8 dee -- deceased but all individuals that we have reason to believe were on that train have now been accounted for and we know their whereabouts completely. as -- [inaudible] made since? fire commissioner sawyer indicated as chief inspector, sullivan indicated and sam phillips indicated it. we will maintain a support role with amtrak, provide any assistance to the mtsb and their

investigatory process, and should any other instances occur at the site certainly the philadelphia police department, fire department and office of emergency management stand ready to provide assistance to these two agencies who in essence now have the major responsibility at this location. mtsb will conduct their investigation i believe the federal railway administration conducts a simultaneous investigation for their purposes. amtrak is in the process of removing all of the train cars and repairing the significant damage to the railroad infrastructure. and we will maintain a support role in that regard. but that in mind, and to the extent that there are questions that i can provide answers to, i

will. if there are questions that i cannot provide answers to i think you all know now that i will not. gentleman requested a question with regard to the person who was recovered. i think you have also experienced over past few days, i, we -- have not released any information with regard to individuals recovered. that is not within our protocol. the medical examiner has the remains of those individuals notice of must be made out of respect to the families and we do not as the city government release names out of respect to the family should they end up somehow in the public realm or if family members make their own announcement you will have that information. but i will not release any information with regard to any. >> i want to update this press

conference that you have been watching for -- watching, there's a news development. news development is that an 8th victim has been discovered. the fire chief mr. sawyer said that a cadaverring do had been sent in to part of the wreckage this morning. and have located one more passenger. that passenger was a fatality so there are now 8 fatalities in that derailment and mayor nutter did say that all of the 243 people who were on board that has been about accounted for. a story earlier in the day that some were maybe not about thed for but 243 they know were on the train have been accounted for. okay i'm going to take you quickly to the stock market because we had another modest rally on top of the big rally we already had. now up 1%. up 180 points, the dollar is down. the bond market is stabilized

just a little. there's no inflation, the fed unlikely to raise rates next month therefore a 1% gain. 180 points up for the dow industrial. and now i bring you breaking news, charlie is here with a big headline on pennco. >> more fallout from the aftermath of bill gross leaving. an internal memo came out that said they're basically having a major retreat from the equity side of this -- >> stocks. >> not bonds. but what they're doing essentially with these is getting out of the stock business. now this is something that they did they started in 2009, 2010 it was sort of a hedge against what might happen in the bond business. they hired up 70 people from what we understand cutting 80% work force and close two of their full funds down and what you have right now is a major retreat from the equity business and focusing now questions is

time. why now? i guess simply it is not working funds weren't performing well and people turn to p imko for bond stuff. people think there's a major rotation out of bonds and stocks now with higher interest rates thus people might be cash out and going to stocks at this point but they're cutting now. getting out of that business. >> any news about pimco built it into a trillion dollar organization. and then he left. >> one of the big pushes was to start an equity business. stock business with mutual funds that invested in stocks they're essentially reversing that. this is the fall out of bill gross leafing retrenching from one of the efforts over the last couple of years. >> it is a name. one day retreat from a whole area of the market. all out of stocks or moving down, out of stocks to some

degree. that is a very very big deal. by the way you made the jon stewart -- highlight reel today. >> you tell everybody again? [laughter] yeah i was for a minute during the show -- >> i was mad that i wasn't in there. >> you can't have that -- >> why? should me a little love. >> well bottom line is that we've had a packed show today. we just had a press conference from mayor of philadelphia eating up a lot of time but trying to make some time to run that clip of me being pillared by jon stewart. >> i did a great show on finance news. i didn't say quantitative using once. >> we have that buzzer already. >> there you go. [buzzer] you have a nice, nice rally about 1% high or up 175 points. okay, next up, back to another big story. this is a very big story in my opinion and we're following it. abc news chief george stephanopoulos turns out he

donated $15,000 to the clinton foundation he did not disclose it. and a rand paul says stephanopoulos shouldn't moderate any gop debate here's media research center from the last hour. >> george stephanopoulos put on schweizer weeks ago and pounded away at a him about how dare he try to suggest that there was something wrong with the clinton foundation. it was quite obvious that george stephanopoulos should have refused himself from that interview or had the decency and the ethics to announce to the audience that he had donated tens of thousands of dollars to the foundation -- >> all right in a statement abc saysoucting this interview. that i forgot that i gave $50,000 to the clinton foundation. i mean, it really -- disaa pointing to be honest with you. because i'm a fan of george stephanopoulos he does work. i like him in america. but i can't believe he did it. >> right after peter schweizer who wrote the book clinton cash. and he went right after him even

though stephanopoulos given $50,000 to the foundation to clinton cash the book. >> see if he goes after him tonight. that is what i want to see. >> not a prayer. not a prayer no way. but thank you for mentioning that. >> it was fun want to show. >> is the global economy like the titanic that is to be chief economist at hsbc steven king thinks and here's the quote the world economy is like an ocean liner without lifeboats. another resession hits it could be a titanic struggle for policy makers. charles payne is of the money show in las vegas, he joins us now, what do you make of that from the topic columnist. what do you make of it? >> what a name, steven king spreading fear. essentially what this guy is doing stuart is he's saying that the money, the federal reserve here, the esb in europe all of these money centers, central banks, they have no more tools so if something were to happen, they could not come to

the rescue. but what i also think and didn't say it explicitly but it is implied that there's two things that help an economy. there's monetary policy that is central bank set. then there's fiscal policy and talked about the fact that yields aren't up enough but the economy is not up a lot.

policies that have destroyed the american dream in our case. dream dude there you go. john payne will be featured from las vegas at his own show on 6:00 eastern tonight. the las vegas money show. we thank you very much indeed. next, honeybees. they are disappearing and that's very bad thing. we don't know why this happening but we will talk to a top scientists next. ♪ i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today.

new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours.

>> i'm nicole with your fox business race. the stock right now is $6.91. the stock sold 20% on a potential takeover. however, it has since been found according to dow jones that this was in fact avon products treating the reported ecg takeover bid and a hoax after having been traded earlier in the day at lowe's we haven't seen in probably 20 years. the potential at this point with 1875 which seems highly unusual considering yesterday with $6.67.

hundreds of traders surrounding in the next few hours.

>> to news developments coming from philadelphia moments ago. one, conferred tonight at had been pulled from the wreckage. too, all passengers have been accounted for. there will be another update, this one from the ntsb at 5:00 p.m. eastern today.

researchers at the department of agriculture says 40% of honey bee hives have died off in the past year. it's been going on for several years and could be devastating. no bees, no pollination no plans means no life on earth. here is a theoretical physicist and author of the future of the mind. reach you can't go. >> we are at the top of the food chain. it wouldn't take much peer pollination is at the bottom of the food chain. so many vegetation depend upon in specs for pollination. stuart: do we know what is causing it? >> within perhaps it is a virus that we had in the catalog. no consensus in the scientific community. it is serious, but we are at a halt right now. we don't know where to apply our technology. stuart: somebody has global warming at some point.

you are a physicist. i want you to give us the physics of a train going around a left curve at 106 miles an hour. to me the physics of that. stuart: if you are a jet pilot the g forces that push you into the chair you can calculate when the train went around the bend the forces were such that the train tilted 10 to 20 degrees enough to shove it off the rails. there was no way to train could survive on the rails traveling at that velocity around the sharp turn. stuart: why was it going that fast? you probably don't know the answer. >> you know we have common sense which violates moody's law of motion. when you double the velocity the geo-force doubles. wrong. it turns out if you double the velocity to g4's goes up by a euro for. energy goes up by a factor of

four. that is why teenagers die so often in car accidents. they think a fender bender at 30 miles per hour is nothing compared to a fender bender at 60 miles per hour because it is double the velocity. no, it is four times the energy when you had a car at 60 miles per hour and that is why so many teenagers never make it. stuart: i'm reading between the lines here. if you have a superfast train going 200 miles an hour you can't go around curves. except the radius has to be very large. the radius of the curvature of the band was about 1000 2003. if you look at pictures of the railroad track, from 90 do the math. g force is sufficient to push it off the rail. in other trains come in their radius curvature is much larger. a very shallow curve or else they will fall if the rails. stuart: here is a new subject for you.

is an asteroid. i'm told it told it is a mild wide. the size of mount everest coming within how many miles of the earth tonight? >> today is the d. our because one of the biggest in recent memory will become by planet earth. it could take out north america. it is going to miss us by 6 million miles. in terms it is a whisker. you will grace the earth. you can see this thing coming. is there anything we can do about it? >> we are powerless to do anything coming our way. stuart: we could send up a nuke send up a rocket and blow it up before a prize. >> you cannot then listen to batters faced. first of all there is no space shuttle. it has been canceled. that can come the space shuttle

spins orbits around the earth. the last time was when they went to the moon. that was decades ago. we have no booster rocket. i repeat, no booster rocket. stuart: what is the greater threat the decline of the honey bee or the possibility -- >> it is a direct threat. the astor )-right-paren to come by on a scale of centuries to millennia. i think we can rest assured. but we need an insurance policy in case something does come by with our name on it. stuart: michio kaku or for pleasure. thanks for coming with us. it is that 10 of the year when people pitch their shows to advertisers. what the networks are going to move due about the streaming revolution, i don't know. but it is a big deal. we will discuss in a moment.

i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare,

you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see.

so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. stuart: it is called the upfront comedy event where the tv networks pitch their new shows to advertisers.

it seems we have another winner. a new muppet show. so abc disney, they bought the new muppet show. what is that all about? >> they are making a new version of the muppets. they are hoping he can bring in a family audience. there's not a lot of shows geared toward family sitcoms. stuart: the muppets at 8:00 at night? that is not the muppet show that i remember. nd 7:00. it just seems like it might beier or "sesame street" in the afternoon. this is my primetime version. stuart: i'm very sorry, but i was. so they bought it. as the bentley was a big success. there's going to be a success. >> the advertisers certainly like the show. the key will be at the viewers like you. it is going to be the muppets version of the office or modern family. we will see.

the old muppets did a good job of adult humor that flew over the head of a lot of kids but enough for the kids to watch it too. stuart: csi is going away for cbs. what are they replacing it with? >> of course another csi. they have csi cyber. one of the spinoffs that they launched this evening. ted danson lajoie bash shell. the original csi spawned three spinoffs, had billions in reruns. when you think of the overseas syndication in the spinoffs. stuart: it seems to me that meant networks big challenges streaming. it is netflix data streaming. they are winning this. how are they dealing with that? >> they like the money they get from netflix when they sell tv shows. but the flipside is they are

also feeding their enemy. that networks are doing more of their own streaming as well, but the trick is to monetize that with advertising because they don't have a subscription model. i think the networks are going to become more selective in how they sell to netflix and there is going to be some battles down the road when they negotiate these deals. stuart: thank you for joining us. coming up amtrak just said service on the northeast corridor will return to full service monday or tuesday of next week. back in a moment.

new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business

>> the main defender of your network's attitude of poverty, is the main offender. it's a segment that would make ebenezer scrooge go take it easy these are people we're talking about. stuart: the handout nation rolls on. we hand out 79 billion dollars

every january to the so-called poor people. >> you're not being mean to poor people day. >> many poor families have homes with cable tv and 99% have a refrigerator. 81% have a microwave. give us the emotional side of the story people get $15 an hour and starving. the image that we have of people living in squalor is not accurate. many have things, what they lack is the richness of the spirit. >> anyway what day is it today? is it christmas day? go up and buy the lazy poor hand. see a boy on crutches push him down, he lacks the richness of legsness. stuart: it was funny and my time is up. here is deirdre boulton.

deirdre: eight people have now been confirmed as dead in the amtrak access. training processes of the conductor safety and the next legal steps. russian hackers are posing a new threat to the world's biggest banks and there is price over air space wrestling over the usage of drones. an 8th victim has been found in the wreckage of the amtrak train derailment. also, all passengers have now been accounted for. blake berman is outside of union station in washington d.c. also with us the national transportation safety board